Trust Deed

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Trust Deed

A legal document that evidences an agreement of a borrower to transfer legal title to real property to an impartial third party, a trustee, for the benefit of a lender, as security for the borrower's debt.

A trust deed, also called a deed of trust or a Potomac mortgage, is used in some states in place of a mortgage.

trust deed

n. another name for a deed of trust, a form of mortgage used in some states, in which title is transferred to a trustee to protect the lender (beneficiary) until the loan is paid back. (See: deed of trust)

References in periodicals archive ?
LONDON, April 15, 2015 /PRNewswire/ -- Scottish Trust Deed t/a Simple Financial Solutions Limited, a company that specializes in providing debt advice to clients in need, recently announced its decision to become a full member of the Debt Resolution Forum.
A trust deed relating to the school means that any proceeds from its sale will have to be used for religious education purposes.
The trust deeds sold by Sunburst were unquestionably legitimate throughout most of the three decades the two men did business together, Huntingdon says.
8220;While it is great news that fewer people are becoming bankrupt or signing trust deeds, in reality, we are simply witnessing a change in the type of debt problem people are experiencing.
There were 2564 protected trust deeds - voluntary arrangements, falling short of bankruptcy, for paying off debts - up 36 per cent up on the same period in 2008.
Clients and business partners say Borstelmann was in the business of selling high-value second trust deeds - privately funded second mortgages - on Southern California real estate.
If convicted, Redman could face up to six years in prison on criminal charges: 30 counts of grand theft, filing false trust deeds and selling land without obtaining a required public report.
Investor Plus fills this void, answering questions about Trust Deeds, Cash Flow, Depreciation, etc.
Individual owners and issuers of real estate notes secured with senior and junior trust deeds can reserve listings at $9.
One of the newly posted articles that is already getting a lot of attention from readers is about the IVA (Individual Voluntary Arrangement) and how it is similar to and different from trust deeds.
The trust deed forum has been providing a resource in which people can ask questions about Scottish trust deeds, debt arrangement schemes, sequestration and debt management plans since 2008.
PROTECTED trust deeds specialist Invocas yesterday said they expected demand to keep increasing significantly as the downturn deepens.